Analysts Set UMB Financial Corporation (NASDAQ:UMBF) Price Target at $152.17

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $152.1667.

A number of equities research analysts have recently issued reports on UMBF shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research report on Friday. Royal Bank Of Canada increased their price target on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Truist Financial lifted their price target on UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Morgan Stanley boosted their price objective on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Hovde Group upped their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $141.20 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.78 and a beta of 0.77. UMB Financial has a 1-year low of $103.38 and a 1-year high of $148.31. The company has a 50 day moving average price of $137.14 and a 200 day moving average price of $127.02.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 earnings per share. On average, research analysts anticipate that UMB Financial will post 12.85 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. UMB Financial’s payout ratio is currently 15.26%.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the sale, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President James D. Rine sold 8,246 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. The trade was a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its position in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares during the period. State Street Corp lifted its position in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after purchasing an additional 55,005 shares during the period. Finally, Geode Capital Management LLC grew its position in UMB Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 33,078 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.